Brothers Nabbed in Bungled U.K. Bank Probe Sue for $457 Million

It’s a Wednesday night in London, and Vincent Tchenguiz, the biggest owner of residential real estate units in the U.K., is getting wound up about the criminal case that paralyzed his business and threatened to land him in prison.

With his necktie dangling from his collar, Tchenguiz is seated at a surfboard-sized desk in his office overlooking Hyde Park. More than a dozen wall-mounted flat-screen TVs track stocks and currencies, and a $517,000 psychedelic skull created by Damien Hirst stares vacantly from a pedestal in the corner. As Tchenguiz describes how he’s turning the tables on British prosecutors who tried, and failed, to nail him for fraud, a smile breaks across his apple-shaped face, Bloomberg Markets magazine will report in its August issue.